IPA Payments Pod

In this episode of the Innovative Payments Association Podcast, Dr. Billy J. Hensley, the president and CEO of the National Endowment for Financial Education talks about why financial education is an ongoing process, how it helps financial services providers have better customers, and why financial education is related to values.

You can learn more about NEFE and its work here: https://www.nefe.org/

To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day

If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org. 

In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. We also talk about how American’s feel about their financial situation and why the Fed’s research into this topic is important for financial services providers.

To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day

For information on the Consumer Financial Protection Bureau’s Symposium, visit: https://www.consumerfinance.gov/about-us/newsroom/cfpb-hold-first-symposium-june-25/

The Fed’s study on financial well being can be found here: https://www.federalreserve.gov/publications/2019-economic-well-being-of-us-households-in-2018-executive-summary.htm

If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org. 

In this episode of the IPA Payments Pod the association presents highlights from one its Financial Crimes Task Force calls. While recordings of these calls are normally posted for members only on our Web site, the Association and our guest, Chief Steven Lewis, thought it should be shared more broadly. Chief Lewis is the head of the Ellisville, Mo., Police Department. He described the kinds of fraud attacks that are reported to his department and discussed ways the industry and law enforcement might be able to work together to combat financial crimes involving prepaid cards. 

In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. And we explain how regulatory enforcement may start to look a lot like traffic stops.

To learn more about the IPA’s Lobbying day, please visit: https://ipa.regfox.com/ipa-advocacy-101--lobbying-day

If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org. 

 In this episode of the Innovative Payments Association Podcast, we talk with Jessica Washington, Payments Risk Expert at the Federal Reserve Bank of Atlanta. Jessica gives us a recap of her presentation from this year’s IPA conference. She talks about what payments consumers are using, delve into some fraud rates, and describe what’s in an average wallet.

The information in the podcast is drawn primarily from three studies: the Federal Reserve Payments Study, the Survey of Consumer Payments Choice, and the Diary of Consumer Payments Choice. You can also find more information on payments and payments risk at the Atlanta Fed’s site: https://www.takeonpayments.frbatlanta.org.

Category:Business/Payments

In this episode of the Innovative Payments Association Podcast, we present highlights from our members-only publications and cover industry developments, federal regulation, state legislation, and more. And we explain how ice fishing shacks and prepaid cards can sometimes fall under the same law.

If you are not member, give this episode a listen, and if you want to stay up to date on the innovative payments world, join today. You can find out more at http://www.ipa.org. 

As people get new ways to manage and spend their money, their financial lives grow more interconnected with the rest of the world. In this new environment, financial services customers and providers need to grapple with the issues of data security and privacy, says Christina Tetreault, senior policy counsel for Consumer Reports Advocacy. These two are related in that they are both about controlling access to data. Where they differ is that security is about controlling outside attacks, while privacy is about giving customers control over how their data is used.

Consumer Reports has teamed up with other organizations to form an open-source called effort “the Digital Standard” that seeks to create privacy and security standard for future product design. You can learn more about it at www.thedigitalstandard.org.

This year’s Power of Prepaid will feature several discussions on the future of payments, privacy, and security and will be held April 8-10, in Washington DC. You can register here.

Changes in state laws around the possession, sale, and use of cannabis have brought a new category of retail out from the underground economy. As entrepreneurs have moved to seize the opportunities in this new industry, federal laws make payments difficult. In this episode, we talk with Annie Nagle, the Chief Operating Officer of Verdant Medical, a cannabis start-up in Massachusetts. We discuss the challenges of both accepting and making payments. In addition, we discuss the challenges of paying employees and how the cannabis industry may provide opportunities to people who have been shut out of employment.

This year’s Power of Prepaid will feature a panel on cannabis payments and will be held April 8-10, in Washington DC. You can register here.

The Network Branded Prepaid Card Association has become the Innovative Payments Association to better reflect the innovative work that its members are doing.

In the latest episode of the podcast, CEO Brian Tate talks about why the Association changed its name and its plans for 2019. We also discuss the issues facing the industry and the Association’s plans to deliver more content to its members. 

As 2019 progresses, the association plans to continue working on the definition of brokered deposits with the Federal Deposit Insurance Corp. and the state laws on unclaimed property. The IPA also will continue working to help its members prevent and mitigate fraud with its Financial Crimes Task Force and Law Enforcement Alliance Program.

The IPA also plans to host a number of webinars and events this year. The first will be our annual conference. This year’s Power of Prepaid will be held April 8-10, in Washington DC. You can register here.

Learn more by listening to our podcast here, or wherever you get your podcasts. Don’t forget to subscribe and leave use a review.

Discover Financial Services is best known for its credit cards, but the company has products across the financial services spectrum. Credit, debit, and prepaid transactions all run on its network. While credit may be the largest part of its business, nevertheless prepaid products have been a tool Discover has used to work with FinTech companies. It also has used prepaid platforms along with its network tools to create new products using restricted authorization networks. We talk with Claudia Schaefer, Business Development Executive for Strategic Initiatives at Discover about how prepaid fits into Discover’s overall business and what its capabilities are.